Find the profit on Rs:1000 for 5 years at 49 per annum compound profit

1.	Find the profit on Rs:1000 for 5 years at 49 per annum compound profit?
Answer» ANSWER: n = 5 years principal = Rs.1000 R = 49 % compound interest = P(1+R/100)^n P(1+R/100)^n = 1000 × (1+49/100)^n =1000×(149/100)^5 =1000×7.34 [APPROX ] =Rs.7340 profit = 7340 - 1000 = Rs. 6340 hope it HELPED and pleeease MARK as brainliest:)

Find the profit on Rs:1000 for 5 years at 49 per annum compound profit?

Answer»

ANSWER:

n = 5 years

principal = Rs.1000

R = 49 %

compound interest = P(1+R/100)^n

P(1+R/100)^n = 1000 × (1+49/100)^n

=1000×(149/100)^5

=1000×7.34 [APPROX ]

=Rs.7340

profit = 7340 - 1000

= Rs. 6340

hope it HELPED and pleeease MARK as brainliest:)

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Find the profit on Rs:1000 for 5 years at 49 per annum compound profit?​

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Find the profit on Rs:1000 for 5 years at 49 per annum compound profit?